5Dimes Moves to 3-4 Day Payment Processing From Under 24 Hours

Written by:
Jagajeet Chiba
Published on:
  • Message prompt appeared for some customers

  • 5Dimes could be following lead of other books in pushing Bitcoin more

  • Price of Bitcoin climbing over past 48 hours after weeks of decline


5Dimes, the popular Costa Rican-based sportsbook, has reduced its Bitcoin payment processing from under 24 hours to 3 to 4 days.  It is unclear whether these are business days as Bitcoin is often processed on weekends.

A number of customers say they have received a message from the book pointing out the new payment policy.

Some members of the Sportsbook Review Forum were suggesting that the move is, not an effort to discourage customers from withdrawing via Bitcoin, but rather a move to encourage it.  It was noted that those using Bitcoin exclusively will still be paid under 24 hours.

BetOnline is another offshore wagering firm pushing Bitcoin.  They just increased their Bitcoin exclusive bonuses in recent days: 100% on your first-ever crypto deposit (code: CRYPTO100) and 35% on every qualifying reload (code: CRYPTO35).

The price of Bitcoin had been increasing over the past 48 hours, the first successive upward trend in weeks.  At one point during the day Wednesday, the price of Bitcoin reached just shy of $4000.  It hit a low of $3128 this month.

Some believe the online gambling sites have begun to go on a Bitcoin buying spree of sorts with the price settling between $3000 and $4000, down from over $6000 more than a month ago.

5Dimes has hardly skipped a beat since that gambling company's owner, Sean "Tony" Creighton, was reported missing in late September.  Reports of a kidnapping and an all but now debunked story of his body being recovered have left some players on edge over the company's future with any inkling of stalled payouts leading to some degree of hysteria.   Creighton has not been heard from in months.  Needless-to-say, a few "Tony sightings" have been shared with Gambling911.com, though we were unable to confirm any of them.

It is not immediately clear who is running 5Dimes.  Some players are left drawing parallels to World Sports Exchange (WSEX), a once highly reputable wagering firm featured on the cover of Sports Illustrated that lost two of its key partners.  Slowly but surely over the years funds began dwindling and payouts slowed to a craw.  Eventually the last remaining partner shot himself in the head.

5Dimes is no stranger to death and despair.  The sportsbook had previously been under the ownership of an individual later convicted of killing his ex-girlfriend and shoving her body in a car trunk before Creighton assumed full control in the early 2000's.

- Jagajeet Chiba, Gambling911.com

Gambling News

Los Angeles Clippers vs. San Antonio Spurs

The struggling Los Angeles Clippers head to Texas on Sunday evening to take on the San Antonio Spurs.

Questions Remain Over Ocean Resort Casino New Owners

Questions Remain Over Ocean Resort Casino New Owners

ATLANTIC CITY — It’s been more than a week since it was revealed Ocean Resort Casino would be changing hands, and there’s still no word on what company is taking over.

Mississippi Casino Revenue Up in 2018 With Sports Betting

Mississippi casino revenues rose in 2018, with patronage noticeably increasing beginning in August, after the state legalized sports betting.

BOSA Ready to Debate Federal Oversight of US Sports Betting

BOSA Ready to Debate Federal Oversight of US Sports Betting

PASPA may have fallen, but its long-awaited demise hasn’t quite signalled the end of federal intervention into sports betting. Not yet at least.

How Can Online Bookies Use PPH Tools To Their Advantage?

How Can Online Bookies Use PPH Tools To Their Advantage?

Bookies that partner with a company like PayPerHead have access to tools they can use to, well, dominate their competition.